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Did You Know?
Unpayable debt is a term used to describe external debt where the interest on the debt exceeds the amount that the country produces, thus preventing the debt ever being paid back. It is considered by some a method of oppression or control by first world countries; a form of debt bondage on the scale of nations.
Tags/Keywords
Debt instrument, debt retirement, debt service, debtor nation, balance of payments, interest, principal, ability to pay, structural adjustment, external public debt, current account deficit, bank reserves, debt-for-nature swaps, International Monetary Fund, IMF, International Bank for Reconstruction and Development (IRBD aka World Bank), current account deficit, debt forgiveness
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Featured Resources
 How Structural Adjustment Destroys the Environment
"One major goal of structural adjustment programs (SAPs) and stabilization programs is to generate foreign exchange through a positive trade balance."
 How International Monetary Fund (IMF)/World Bank Structural Adjustment Programs Have Increased Poverty Around the World "Structural adjustment -- the standard IMF/World Bank policy package which calls for slashing government spending, privatization, and opening up countries to exploitative foreign investment, among other measures -- has deepened poverty around the world."
Featured Organizations
Border Trade Alliance provides border communities – north and south – a voice before our NAFTA governments. Whether we're meeting with a Member of Congress, hosting an international conference or providing congressional testimony, our organization is representing the interests of those who live and work along the U.S-Canada and U.S.-Mexico borders, as well as the trade communities of all three nations
Center for Research on Globalization based in Montreal publishes news articles, commentary, background research and analysis on a broad range of issues, focussing on social, economic, strategic, geopolitical and environmental processes.
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